Business Accounting And Financial Management

The objective of this book is to assist the students and readers in developing an understanding of the theories of various branches of accounting and financial management, and to integrate the knowledge with practice in evaluating the strategic management decisions.

The book contains thirty-three chapters divided into three parts. Part A comprising ten chapters discusses the key principles and practices of financial accounting. Part B containing eight chapters explains various methods and techniques of cost and management accounting. Part C comprising fifteen chapters provides an insight into the numerous dimensions of financial management policies and practices.

Part A: Financial Accounting

1. Understanding of Financial Accounts and Statements

2. Recording Transactions in the Books of Accounts (I)

3. Recording Transactions in the Books of Accounts (II)

4. Accounting for Fixed Assets

5. Depreciation Accounting

6. Revenue Recognition

7. Bad Debts, Provision for Bad and Doubtful Debts

8. Accounting for Inventories

9. Corporate Accounting (I): Basic Concepts

10. Corporate Accounting (II): Company Final Accounts

Part B: Cost and Management Accounting

11. Cost and Management Accounting: An Overview

12. Cost Concepts, Classification of Cost and Preparation of Cost Sheet

13. Elements of Cost: Material – Labour – Overhead

14. Types and Methods of Costing

15. Marginal Costing and Cost – Volume – Profit Analysis

16. Budgeting and Budgetary Control

17. Standard Costing, Variance Analysis and Responsibility Accounting

18. Strategic Cost Management, Relevant Costing and Managerial Decision Making

Part C: Financial Management

19. Financial Management: An Overview

20. Financial Statement Analysis

21. Time Value of Money

22. Valuation of Securities

23. Risk and Return

24. Capital Expenditure Budgeting and Risk in Capital Budgeting

25. Productivity of Capital and Leverage Analysis

26. Cost of Capital

27. Capitalisation and Capital Structure

28. Working Capital Management

29. Cash and Liquidity Management

30. Credit Management: Management of Receivables (Debtors) and Payables Creditors)

31. Inventory Management

32. Source of Finance, Working Capital Financing and Banking Norms

33. Dividend Policy and Dividend Decision

Appendix 1: Future Value Interest Factor (FVIF)

Appendix 2: Future Value Interest Factor for an Annuity FVIFA

Appendix 3: Present Value Interest Factor (PVIF)

Appendix 4: Present Value Interest Factor for an Annuity PVIFA

Appendix 5: Normal Distribution

Bibliography

Index